Greece promised to cut another 10,000 state workers from its payroll last
night and “do anything” to avoid expulsion from the euro — but international
creditors said that the new pledges were not enough to win their support.

Greeks would have to get serious about paying taxes and their Government must
finally keep its promise to sell state assets and open the economy, the
creditors warned.

With state funds expected to run out in three weeks, the Government of George
Papandreou announced a fresh round of austerity yesterday. Speaking to
Parliament, Evangelos Venizelos, the Finance Minister, said that a recession
was